Global trade isn’t waiting for President Trump–it’s slowing down NOW

November 17, 2016 | Daily JAM, Long Term, Morning Briefing, Volatility, You Might Have Missed | 3 comments

In his campaign Donald Trump promised to kill the Trans Pacific Partnership trade deal and renegotiate NAFTA. Countries like China and Mexico faced the prospect of crippling tariffs on their goods. That left international economists deeply worried about a slowdown in global trade, a slowdown that might be sufficient to produce a global recession. Well, don’t worry. Even before Trump won the November 8 election globe trade had started to slow.